Global Flexible Workspace Growth Opportunities
Global Flexible Workspace Growth Opportunities
Strategic Partnering and Technology Innovation to Foster Flexible Workspace Expansion
23-Sep-2022
Global
$2,450.00
Special Price $2,082.50 save 15 %
Description
Organizations and individuals lease flexible workspaces for periods shorter than traditional business office leases, including month-to-month rolling rentals, 12–24-month contracts, or personally tailored arrangements to meet the tenant’s needs. Opportunities for flexible workspaces focus on property services and ICT solutions and services.
The maturity of the flexible workspace market, particularly in certain cities, in combination with the rapid rise of pandemic-related needs, has been driving market demand. This trend is backed by the emergence of numerous start-ups and greater appreciation for industry incumbents that offer flexible workspaces as a real estate strategy.
The highly competitive market landscape caused by a low barrier to entry and a rapidly evolving competitive environment challenge operators to stay afloat. The expectation-versus-service gap among occupiers and operators remains an issue, while occupiers still largely perceive flexible workspaces as a temporary solution. Having an exclusive address does not resonate well with certain occupiers’ culture and expectations. Furthermore, the security limitations of flexible workspaces limit the occupier profile that real estate offerings can accommodate.
The global flexible workspace market operates on a Space-as-a-Service (SPaaS) business model. Flexible SPaaS enhances the user experience through convenience, comfort, and flexibility. This approach has led to a surge in co-living and co-working spaces. Reduced expenditure, flexibility in lease periods, modern amenities and trendy services, and maintenance-inclusive assets (e.g., lighting and air-conditioning) drive the adoption of this business model.
The development of flexible workspaces reflects the changes in and maturity of office stock, varying across countries and cities. In addition, a city’s occupant profiles influence flexible workspace needs and progress. The strong uptake of seats and flexible workspaces signals customers’ confidence in both the flexible workspace concept and in operators, despite varying long-term office leasing plans across organizations and cities. Asset owners and landlords are aware of the value propositions flexible workspaces offer; this is evident from their readiness to lease office space to flexible workspace operators. Some asset owners also offer flexible workspace solutions as part of their services.
The outlook for the global flexible workspace market is optimistic for 2022. The hybrid working and work near home (WNH) value proposition; increasing partnerships between various industry stakeholders; growing interest in workspace modernization through technology adoption; and rising emphasis on environmental, social, and governance (ESG) values will contribute to market growth during the next five years.
Author: Janice Wung
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Flexible Workspace Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Top 5 Global Economic Highlights of 2021
Top 5 Global Economic Predictions for 2022
Global GDP Growth
2022 Scenario Analysis—Quarterly Global Growth
2022 Scenario Analysis—Assumptions
2022 Global GDP Growth Snapshot
Advanced Economies—Predictions for 2022
Emerging Market Economies—Predictions for 2022
Top 5 Global Predictions for 2022—Macroeconomic Policies and Developments
2022 Growth Opportunities—Top 3 Opportunities by Region
2022 Regional Trends—Risks and Policy Direction
Scope of Analysis
Segmentation
Geographical Segmentation
Office Space Overview
Office Space Trends
Sustainability in Office Spaces
Smart Workspace Solutions
Flexible Workspace Overview
Flexible Workspace Trends
Industry Structure
Impact of COVID-19 on Flexible Workspaces
Flexible Workspace Occupier Trends
Operating Models
Growth Drivers
Growth Drivers (continued)
Growth Restraints
Growth Restraints (continued)
Flexible Workspace Key Indicators
Technology and Application Overview
Competitive Environment
Competitive Environment (continued)
Proposition of Market Participants—WeWork
Proposition of Market Participants—IWG
Proposition of Market Participants—Industrious
Proposition of Market Participants—Servcorp Limited
North American Flexible Workspace Key Indicators
North American Flexible Workspace Trends
Flexible Workspace—Companies to Watch
European Flexible Workspace Key Indicators
European Flexible Workspace Trends
Flexible Workspace—Companies to Watch
APAC Flexible Workspace Key Indicators
APAC Flexible Workspace Trends
Flexible Workspace—Companies to Watch
MENASA Flexible Workspace Key Indicators
MENASA Flexible Workspace Trends
Flexible Workspace—Companies to Watch
Growth Opportunity 1—Offices with Hybrid Working and WNH Propositions
Growth Opportunity 1—Offices with Hybrid Working and WNH Propositions (continued)
Growth Opportunity 2—Strategic Partnership and Business Models in Reducing Flexible Workspace Risk
Growth Opportunity 2—Strategic Partnerships and Business Models in Reducing Flexible Workspace Risk (continued)
Growth Opportunity 3—Workspace Modernization through Technology Adoption
Growth Opportunity 3—Workspace Modernization through Technology Adoption (continued)
Growth Opportunity 4—Workspace Provision with Environmental, Social, and Governance (ESG) Emphasis
Growth Opportunity 4—Workspace Provision with Environmental, Social, and Governance (ESG) Emphasis (continued)
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
Author | Janice Wung |
---|---|
Industries | Environment |
No Index | No |
Is Prebook | No |
Keyword 1 | Space-as-a-Service (SPaaS) |
Keyword 2 | flexible workspace market |
Keyword 3 | Flexible Office (Workplace) Market |
Podcast | No |
WIP Number | PD94-01-00-00-00 |